Study analyzes the impact of climate change on the housing choices of elderly people in the US
Research by Professor Sophie Mathes, from FGV EPGE, reveals how preferences for milder climates influence residential decisions and perceptions about global warming
Professor Sophie Mathes, from EPGE Brazilian School of Economics and Finance (FGV EPGE), had an article published in the scientific journal International Economic Review. Entitled “The Dynamics of Residential Sorting and Health: Implications of Climate Change in the United States,” the study investigates how climatic conditions affect housing decisions among the elderly population, taking into account that the local climate also influences future individual health.
Using a dynamic model of residential choice, Mathes demonstrates that individuals tend to value milder winters, even if this means tolerating hotter summers. This preference, according to the researcher, helps explain why part of the population is unwilling to adopt measures against climate change.
Counterfactual simulations indicate that housing decisions will not be significantly altered by concerns about changes resulting from climate change.
The full article can be accessed by clicking here.
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